Costco Wholesale (NASDAQ:COST) Trading 0.8% Higher

Shares of Costco Wholesale Co. (NASDAQ:COST) were up 0.8% on Thursday . The company traded as high as $905.00 and last traded at $899.68. Approximately 327,697 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 1,934,329 shares. The stock had previously closed at $892.52.

Analysts Set New Price Targets

Several research firms have weighed in on COST. DA Davidson reaffirmed a “neutral” rating and set a $780.00 price target on shares of Costco Wholesale in a research report on Friday, September 6th. Truist Financial upped their price target on shares of Costco Wholesale from $815.00 to $873.00 and gave the stock a “buy” rating in a research report on Friday, May 31st. Gordon Haskett raised shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 price objective for the company in a research report on Thursday, August 8th. Robert W. Baird upped their target price on shares of Costco Wholesale from $850.00 to $975.00 and gave the company an “outperform” rating in a report on Thursday, July 11th. Finally, Loop Capital lifted their price target on Costco Wholesale from $970.00 to $975.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Eight research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $844.52.

Costco Wholesale Trading Up 0.7 %

The company has a market capitalization of $402.10 billion, a price-to-earnings ratio of 56.19, a P/E/G ratio of 5.51 and a beta of 0.80. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.94 and a quick ratio of 0.45. The business’s 50-day moving average price is $864.85 and its two-hundred day moving average price is $810.90.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were given a dividend of $1.16 per share. The ex-dividend date was Friday, July 26th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.51%. Costco Wholesale’s payout ratio is 28.75%.

Insider Transactions at Costco Wholesale

In related news, Director Susan L. Decker sold 620 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $876.50, for a total value of $543,430.00. Following the completion of the transaction, the director now owns 11,775 shares of the company’s stock, valued at $10,320,787.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Costco Wholesale news, insider Daniel M. Hines sold 1,500 shares of the firm’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $844.20, for a total value of $1,266,300.00. Following the sale, the insider now owns 12,492 shares of the company’s stock, valued at approximately $10,545,746.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Susan L. Decker sold 620 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $876.50, for a total value of $543,430.00. Following the transaction, the director now directly owns 11,775 shares of the company’s stock, valued at approximately $10,320,787.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,974 shares of company stock valued at $4,252,856. 0.18% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of COST. Gilbert & Cook Inc. grew its stake in shares of Costco Wholesale by 57.3% during the fourth quarter. Gilbert & Cook Inc. now owns 626 shares of the retailer’s stock worth $413,000 after buying an additional 228 shares during the last quarter. Aveo Capital Partners LLC grew its position in Costco Wholesale by 14.5% during the 4th quarter. Aveo Capital Partners LLC now owns 1,065 shares of the retailer’s stock worth $703,000 after acquiring an additional 135 shares during the last quarter. Gryphon Financial Partners LLC increased its holdings in Costco Wholesale by 62.6% in the 4th quarter. Gryphon Financial Partners LLC now owns 3,309 shares of the retailer’s stock worth $2,184,000 after purchasing an additional 1,274 shares in the last quarter. TrinityPoint Wealth LLC raised its position in Costco Wholesale by 15.5% in the fourth quarter. TrinityPoint Wealth LLC now owns 2,475 shares of the retailer’s stock valued at $1,633,000 after purchasing an additional 332 shares during the last quarter. Finally, FineMark National Bank & Trust boosted its stake in shares of Costco Wholesale by 11.2% during the fourth quarter. FineMark National Bank & Trust now owns 5,950 shares of the retailer’s stock valued at $3,927,000 after purchasing an additional 599 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Company Profile

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.